Income tax department to allow online filing of forms for tax breaks

The income tax department said on Monday it will allow online filing of applications for tax breaks to certain entities which at present ...

Relaxation of additional fees and extension of last date of in filing of forms MGT-7 (Annual Retu...

Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Oct 30, 2018

Keeping in view the requests received from various stakeholders seeking extension of time for filing of financial statements for the fina...

Jayant Sinha urging FM to bring aviation turbine fuel (ATF) under the ambit of GST

GST & Other Indirect Taxes | By ALOK PATNIA | Oct 30, 2018

Minister of State for Civil Aviation Jayant Sinha urged Finance Minister Arun Jaitley to bring aviation turbine fuel (ATF) under the ambi...

1,40,139 taxpayers disclosed income above Rs. 1 crore in AY 2017-18

  Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, 22nd October, 2018 PRESS RELEASE Re...

Adjudicating Authority under Benami Property Act gets cabinet approval

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the appointment of Adjudicating Authority and establishment o...

GST Intel Wing Unearths Rs 80 Crore ‘Fraud’ in Pune in potentially further higher degree of fraud

GST & Other Indirect Taxes | By ALOK PATNIA | Oct 29, 2018

The Directorate General of GST Intelligence’s (DGGI’s) Pune zonal unit has unearthed a Rs 80 crore “fraud” which ...

GST relief for oil companies on outsourced work 

GST & Other Indirect Taxes | By ALOK PATNIA | Oct 29, 2018

In what could come as urgent relief for oil companies, revenue authorities have allowed refineries to pay GST only on value addition done...

Behavioural patterns of taxpayers under the focus of CBIC to improve GST compliance 

GST & Other Indirect Taxes | By ALOK PATNIA | Oct 29, 2018

Soon, GST officers will study the behavioural pattern of certain taxpayers to nudge them to comply with tax laws, in a departure from the...

Income tax dept may seek first right on recovery of dues under IBC

The income tax (I-T) department may soon request authorities in the finance ministry to intervene so that I-T dues get a higher priority ...

E-filing of income tax returns rises 65% in Apr-Sept

GST & Other Indirect Taxes | By ALOK PATNIA | Oct 27, 2018

Even after the deadline for filing income tax returns ended on August 31, the growth in taxpayers filing e-returns continued to grow robu...

GST likely to have three-slab rate structure in future

GST & Other Indirect Taxes | By ALOK PATNIA | Oct 27, 2018

The current four-slab GST rate structure is likely to be reduced to three as the process of rationalising India’s new indirect tax ...

Pranab Mukherjee hopes GST rates will be rationalised further saying it ‘work in progress&#...

GST & Other Indirect Taxes | By ALOK PATNIA | Oct 27, 2018

Terming the GST as ‘work in progress’, former President Pranab Mukherjee Friday expressed hope that rates under the indirect ...

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